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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 102,860 $ 79,145
Accounts receivable, less allowances (2021 – $5,625; 2020 – $6,348) 262,257 251,460
Inventories 239,655 238,008
Prepaid expenses and other current assets 75,437 73,732
Total current assets 680,209 642,345
Deferred income taxes 21,976 22,092
Property, plant and equipment, net 341,462 370,947
Goodwill 955,370 1,011,580
Other intangible assets, net 500,246 564,132
Other assets 77,557 65,130
Total assets 2,576,820 2,676,226
Current liabilities    
Notes and overdrafts payable 1,900 2,115
Accounts payable 131,076 112,428
Accrued liabilities 175,583 178,560
Long-term debt – current 1,835 2,276
Total current liabilities 310,394 295,379
Long-term debt 599,932 699,868
Accrued retirement benefits 76,784 98,171
Deferred income taxes 66,704 91,668
Long-term tax liability 52,114 59,063
Other liabilities 42,126 49,400
Commitments and contingencies (Note 22)
Stockholders’ equity    
Common stock – par value $0.01 per share Authorized: 150,000,000 shares, Issued: at par value (2021 – 64,343,582 shares; 2020 – 64,171,321 shares) 643 642
Additional paid-in capital 516,562 501,531
Treasury stock, at cost (2021 – 13,658,483 shares; 2020 – 13,530,074 shares) (523,642) (516,992)
Retained earnings 1,587,041 1,519,811
Accumulated other non-owner changes to equity (151,838) (122,315)
Total stockholders’ equity 1,428,766 1,382,677
Total liabilities and stockholders’ equity $ 2,576,820 $ 2,676,226